SFC bans Masy Lo Mee Chi for eight months

31 Aug 2020



The Securities and Futures Commission (SFC) has banned Ms Masy Lo Mee Chi, a former client advisor of UBS AG Hong Kong Branch (UBS), for eight months from 29 August 2020 to 28 April 2021 (Note 1).

An SFC investigation found that when Lo was handling the request of a trust’s settlor (Settlor) in July 2017, she attempted to mislead the trustee into believing that the Settlor had signed an amended request letter in connection with the purchase of a fund for the trust account.

Without the Settlor’s approval, Lo appended a scanned version of the Settlor’s signature from an earlier request letter signed by the Settlor, and submitted it to the trustee as if it was signed by the Settlor.

The SFC considers that Lo’s conduct was dishonest and calls into question her fitness and properness to be a licensed or registered person.

In deciding the sanction against Lo, the SFC took into account all relevant circumstances, including her otherwise clean disciplinary record.

The case was referred to the SFC by the Hong Kong Monetary Authority (HKMA).

End

Note:

  1. Lo was a relevant individual engaged by UBS to carry on Type 1 (dealing in securities) and Type 4 (advising on securities) regulated activities under the Securities and Futures Ordinance between 1 April 2003 and 16 October 2017, and between 11 April 2014 and 16 October 2017, respectively.  Lo is currently not registered with the HKMA nor licensed by the SFC.

A copy of the Statement of Disciplinary Action is available on the SFC website



Page last updated : 31 Aug 2020